Infinity Property and Casualty Corporation Announces Purchase of Building for Corporate Headquarters
Get Alerts IPCC Hot Sheet
Join SI Premium – FREE
BIRMINGHAM, Ala., April 22, 2015 /PRNewswire/ -- Infinity Property and Casualty Corporation (NASDAQ: IPCC), today announced the closing of its $20 million purchase of The Birmingham News building located at 2201 4th Avenue North in downtown Birmingham, AL. The purchase, which was completed yesterday, was made with internally generated funds. The 120,493 square foot building will serve as Infinity's new headquarters and replace its current, leased headquarters. The acquisition of the building is expected to reduce net operating expenses once employees are relocated to the new headquarters, which the company anticipates will occur in the first or second quarter of 2016.
About InfinityInfinity Property and Casualty Corporation (NASDAQ: IPCC) is a national provider of personal automobile insurance with a concentration on nonstandard auto insurance. Its products are offered through a network of approximately 11,800 independent agencies and brokers. For more information about Infinity, please visit http://www.infinityauto.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/infinity-property-and-casualty-corporation-announces-purchase-of-building-for-corporate-headquarters-300070669.html
SOURCE Infinity Property and Casualty Corporation
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- According to Latest Harris Poll Research, Americans, Especially Millennials, Navigate Their Lives by the 'Stars'
- Big Ridge Gold Corp 2023 IP Survey Establishes New Drill Targets at Hope Brook Gold Project
- National Alliance for Insurance Education & Research Launches AlliBot: An AI Knowledge Bot for Risk & Insurance Professionals
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!